Thursday, August 31, 2017

Spending by Race and Hispanic Origin, 2016

Asian, Black, and non-Hispanic White households spent more in 2016 than in 2015, after adjusting for inflation. The 2015–16 rise in average household spending was 4.3 percent for Asians, 3.0 percent for Blacks, 1.4 percent for non-Hispanic Whites, and 1.1 percent for the average household. In contrast to these gains, Hispanic households spent 2.6 percent less in 2016 than in 2015.

The 2016 spending of Black and non-Hispanic White households has never been greater, finally surpassing the peak of the pre-Great Recession years. Asians and Hispanics have yet to close the gap...

Average household spending in 2016 (and % change since 2006; in 2016 dollars)
Average household: $57,311 (–0.5%)
Asian households: $67,267 (–1.8%)
Black households: $42,127 (+2.3%)
Hispanic households: $47,023 (–8.3%)
Non-Hispanic White households: $61,697 (+0.9%)

Source: Demo Memo analysis of Bureau of Labor Statistics, Consumer Expenditure Survey

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